Credit cards come with hidden fees and surcharges. You use your card responsibly, yet still get charged an arm and a leg every time you pay your bill.
Magical Credit’s loan installments have a fixed monthly interest rate of 3.9%. You won’t be financially blindsided and you can plan your budget accordingly! Our open loans can be paid off early – you’ll only be charged interest to date, and not for the whole term.
Our short-term, personal loan calculator schedules your installment loan payments, helping you stick to your budget.
Auto Repair – If your brakes aren’t up to snuff, it’s a matter of personal safety. If you’re low on funds, don’t rack up credit card debt—just take out an installment loan from Magical Credit to cover the repair costs.
Vacations – You’ve sailed every shore along the Maritimes, and it’s time to explore your horizons. Even if you’re hurting for money, you still deserve a break. Magical Credit’s simple installment payments will make your getaway easy to pay off!
Job Hunting – They say searching for a job is a full-time job in itself—except you aren’t getting paid. Take out an installment loan to cover the costs of networking, dinner meetings, classes, outfits, and transportation, as you embark on your journey to a new career!
Debt Consolidation – It’s easy to lose track of multiple consumer debts. Take out a Magical Credit loan for debt consolidation in PEI, and focus on one easy-to-track monthly installment payment!
Yes. As a high-risk lender, Magical Credit specializes in loans for bad credit applicants and low-income households. Instead of weighing our applicants based on their credit score, we assess their overall report of credit, discharged or current bankruptcies, and loan repayment history.
Yes, because our loans range anywhere between $500-$10,000!
Yes—our loans are available anywhere online in Canada, other than Manitoba and Quebec!
When you’re accepted for a payday loan, you risk being charged an interest rate of $30 per $100 borrowed. Magical Credit only charges a fixed interest rate of 3.9% monthly.
Need an emergency loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our short-term, personal loan calculator!
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